Hacking in BB again, no damage done The e-mail ID of Bangladesh Bank (BB) has been hacked and false mail sent to different commercial banks using the Central Bank’s mail ID, sources said. Executive Director of BB Subhankar Saha told media that they have got a suspicious mail on Monday

Bangladesh Bank appoints new chief economist Bangladesh Bank has recently appointed Faisal Ahmed as its chief economist. Ahmed has been serving as the senior economic adviser to the governor of Bangladesh Bank since August 2015. Previously, he was the IMF resident representative in Cambodia during 2011-2015, a senior economist in

Banks must give good borrowers interest rebate within this year Bangladesh Bank on Monday asked scheduled banks to provide the good borrowers with interest rebate at 10 per cent within this year; otherwise, it would take punitive measures against the disobedient banks. The BB issued a letter to managing directors

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 4.73% (Jan 09’20) 4.97% (Dec 26’19) 0.24% Call Money Lending (Crore BDT) 5,536.36 (Jan 02’20) 3,782.28 (Dec 26’19) 46.38% Prices Weighted Average Deposit Rate 5.71% (Nov ’19) 5.71% (Nov ’19) 0.00% Weighted Average Lending Rate 9.63% (Nov ’19)

BB plans cut in ADR as credit growth overshoots target The central bank has planned to slash the limit of advance-deposit ratio (ADR) to help check any possible liquidity pressure on the market due to ‘aggressive lending.’ The ADR of all banks is likely to be re-fixed at 80.50 per